Karachi Cotton Association prices – July 24

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KARACHI, July 24 (Reuters) – The Karachi Cotton Association on Tuesday fixed the official spot rate, or base price, for Grade 3 cotton at 6,269 rupees per maund (40 kg).

The Grade 3 cotton has a staple length of 1-1/16″ (inches) and micronaire value between 3.8 to 4.9 NCL (no control limits), which represents fine to coarse classes of cotton varieties.

In the kerb market the key crop varieties traded in the range of 5,900 to 6,000 rupees per maund.

Following are the grade and staple margins for the period July 16 to 31:

GRADE                     STAPLE LENGTH

         31/32"    1"       1-1/32"  1-1/16"  1-3/32"  1-1/8"

 Super   n/a       n/a      n/a      +322     +643     +750
 1       n/a       n/a      n/a      +214     +536     +643
 2       n/a       -214     0        +107     +429     +536
 3       -429      -322     -214     BASE     +214     +322
 4       -1125     -1018    -911     -697     -482     n/a
 n/a     -1286     -1179    -1072    -857     n/a      n/a

 (Compiled by the Karachi newsroom)

Source: http://in.reuters.com/article/2012/07/24/markets-pakistan-cotton-idINL4E8IO1IV20120724

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